Credit: Shutterstock photoYou're watching the Main Daily Trading Signals for Thursday. Here's how the technicals compare with the interbank at 8 AM GMT.
Euro/Dollar sees 4 neutral signals on its hourly chart. The mid-term is split between red and neutral models, and the long-term scale is back to neutral. The interbank is also neutral at 11% long, and it matches the short and long-term studies. Next up is the Cable with 5 and 4 neutral models on its 1 and 4-hour charts, respectively. The 24-hour scale brings 5 buy prompts, but the interbank is neutral at less than 5% short, and it confirms the short and mid-term models.
All three time ranges bring different results for the Dollar/Yen which sees 5 sell prompts in the short-term and 4 neutral models in the mid-term. The long-term is mostly bullish. As to the interbank, it is bearish at more than 19% short, in line with the short-term studies. 5 studies predict no major price changes on Pound/Yen's 1 and 4-hour scales. The 24-hour chart brings 5 sell prompts, but the interbank is neutral at less than 6% long, matching the short and mid-term studies.
And Euro/Yen also sees 5 neutral signals on both its short and mid-term charts. The daily outlook is divided between green and neutral models, but, in contrast, the interbank is quite bullish at more than 34% long.
This article was originally posted on FX Empire
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
